KKR & Co. Inc. (NYSE:KKR) Price Target Cut to $59.00

KKR & Co. Inc. (NYSE:KKRGet Rating) had its target price cut by investment analysts at Piper Sandler to $59.00 in a note issued to investors on Wednesday, Stock Target Advisor reports. Piper Sandler’s price objective indicates a potential upside of 13.59% from the company’s current price.

KKR has been the subject of several other research reports. StockNews.com upgraded KKR & Co. Inc. to a “sell” rating in a research note on Friday, November 11th. Morgan Stanley dropped their target price on shares of KKR & Co. Inc. from $60.00 to $56.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 19th. Evercore ISI set a $65.00 price target on shares of KKR & Co. Inc. in a report on Tuesday, July 19th. JMP Securities dropped their price objective on shares of KKR & Co. Inc. from $80.00 to $74.00 and set a “market outperform” rating on the stock in a report on Tuesday, October 11th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of KKR & Co. Inc. from $62.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and an average target price of $66.21.

KKR & Co. Inc. Stock Performance

NYSE:KKR opened at $51.94 on Wednesday. The firm has a market capitalization of $44.73 billion, a PE ratio of -82.44, a PEG ratio of 3.10 and a beta of 1.55. KKR & Co. Inc. has a 1 year low of $41.77 and a 1 year high of $79.89. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.79. The firm’s fifty day simple moving average is $48.12 and its 200 day simple moving average is $50.22.

Insider Activity

In related news, major shareholder Kkr Group Partnership L.P. sold 5,750,000 shares of the stock in a transaction dated Tuesday, September 13th. The shares were sold at an average price of $14.10, for a total transaction of $81,075,000.00. Following the completion of the sale, the insider now owns 572,354 shares in the company, valued at approximately $8,070,191.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 39.34% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On KKR & Co. Inc.

A number of hedge funds and other institutional investors have recently bought and sold shares of KKR. ValueAct Holdings L.P. grew its holdings in shares of KKR & Co. Inc. by 17.0% during the second quarter. ValueAct Holdings L.P. now owns 26,456,563 shares of the asset manager’s stock worth $1,224,674,000 after purchasing an additional 3,851,214 shares during the last quarter. Vanguard Group Inc. grew its holdings in KKR & Co. Inc. by 9.3% during the 3rd quarter. Vanguard Group Inc. now owns 38,770,692 shares of the asset manager’s stock worth $1,667,140,000 after acquiring an additional 3,309,267 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in KKR & Co. Inc. in the 1st quarter valued at about $135,437,000. Jennison Associates LLC raised its stake in shares of KKR & Co. Inc. by 25.7% in the second quarter. Jennison Associates LLC now owns 10,089,872 shares of the asset manager’s stock worth $467,060,000 after acquiring an additional 2,060,385 shares during the last quarter. Finally, Bank of Montreal Can lifted its position in shares of KKR & Co. Inc. by 162.7% during the third quarter. Bank of Montreal Can now owns 2,398,055 shares of the asset manager’s stock worth $106,061,000 after purchasing an additional 1,485,189 shares in the last quarter. 52.58% of the stock is owned by institutional investors and hedge funds.

KKR & Co. Inc. Company Profile

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KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.

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Analyst Recommendations for KKR & Co. Inc. (NYSE:KKR)

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